BRYN MAWR TRUST Co Reduces Position in Nike Inc (NYSE:NKE)

BRYN MAWR TRUST Co trimmed its holdings in Nike Inc (NYSE:NKE) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 215,615 shares of the footwear maker’s stock after selling 1,011 shares during the quarter. Nike accounts for about 1.0% of BRYN MAWR TRUST Co’s holdings, making the stock its 28th biggest holding. BRYN MAWR TRUST Co’s holdings in Nike were worth $15,986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans lifted its stake in shares of Nike by 42.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,133,675 shares of the footwear maker’s stock worth $158,219,000 after purchasing an additional 635,410 shares during the period. Ancora Advisors LLC increased its holdings in Nike by 2.3% in the 4th quarter. Ancora Advisors LLC now owns 125,760 shares of the footwear maker’s stock worth $9,324,000 after acquiring an additional 2,797 shares in the last quarter. CSat Investment Advisory L.P. increased its holdings in Nike by 13.2% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,623 shares of the footwear maker’s stock worth $120,000 after acquiring an additional 189 shares in the last quarter. IHT Wealth Management LLC increased its holdings in Nike by 5.9% in the 4th quarter. IHT Wealth Management LLC now owns 7,054 shares of the footwear maker’s stock worth $523,000 after acquiring an additional 393 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in Nike by 41.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,020,709 shares of the footwear maker’s stock worth $149,815,000 after acquiring an additional 594,493 shares in the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Shares of Nike stock traded up $0.47 on Friday, reaching $89.20. 7,016,564 shares of the stock were exchanged, compared to its average volume of 6,816,634. The company has a quick ratio of 1.43, a current ratio of 2.17 and a debt-to-equity ratio of 0.39. Nike Inc has a twelve month low of $64.99 and a twelve month high of $90.00. The company has a market capitalization of $140.20 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 2.68 and a beta of 0.67.

Nike (NYSE:NKE) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. Nike had a return on equity of 45.78% and a net margin of 10.79%. The firm had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. Research analysts anticipate that Nike Inc will post 2.55 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, March 1st. Nike’s payout ratio is presently 36.36%.

A number of equities research analysts have issued reports on NKE shares. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $90.00 price objective on shares of Nike in a report on Friday, April 12th. Citigroup started coverage on shares of Nike in a report on Wednesday, April 10th. They issued a “buy” rating and a $100.00 target price for the company. Zacks Investment Research lowered shares of Nike from a “buy” rating to a “hold” rating in a report on Monday, March 25th. Macquarie set a $96.00 target price on shares of Nike and gave the company a “buy” rating in a report on Friday, March 22nd. Finally, Piper Jaffray Companies set a $93.00 target price on shares of Nike and gave the company a “buy” rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $87.10.

In other Nike news, Chairman Mark G. Parker sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $82.00, for a total value of $12,300,000.00. Following the completion of the transaction, the chairman now directly owns 1,539,963 shares of the company’s stock, valued at $126,276,966. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric D. Sprunk sold 40,004 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $87.82, for a total value of $3,513,151.28. The disclosure for this sale can be found here. Insiders sold 316,504 shares of company stock valued at $26,620,816 over the last three months. 3.90% of the stock is currently owned by corporate insiders.

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Nike Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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